U.S. Consumers Confidence Held Close to Record Low Last Week
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Consumer confidence was little improved last week at a level that’s within reach of an all-time low as Americans stayed pessimistic about the economy and their personal finances.
The Bloomberg Consumer Comfort Index was minus 51.6 in the period ended Nov. 6 after the prior week’s minus 53.2, the second-lowest reading in almost 26 years of data. The gain was within the survey’s three-point margin of error. The measure is close to the minus 54 in January 2009, which matched the worst reading in the history of the series dating back to 1985.